The RBNZ has been talking the currency down for over a year and certainly won't discourage further falls. A negative trend in the currency has taken hold and the presumption that the economy will struggle this year, without a much lower currency, will kee
More Quotes from Greg Gibbs:
The Fed is probably going to hold to see how the economy plays out. There's even some concern the U.S. economy had already started to slow down before the hurricane. If that's the case, it's quite bearish for the dollar.Greg Gibbs
It's quite difficult to get bullish on the Australian dollar when the U.S. dollar is rising on interest-rate differentials.
Greg Gibbs
This number is quite a shock. This is a short-term negative for the currency and I'm surprised it hasn't fallen further.
Greg Gibbs
The market has been trading on the hurricane news.
Greg Gibbs
Much of this liquidity appears to be coming from China and increasingly Japan where investment trust growth is supplying significant volumes to foreign bonds with little regard to the rising global imbalances that policy makers frequently flag as a risk to the global economy.
Greg Gibbs
Strong cyclical equities are often associated with greater global growth confidence, risk-seeking behavior and a stronger Australian dollar.
Greg Gibbs
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